The NYDA’s Executive Chairperson Mr Yershen Pillay was present at the signing of the Youth Employment Accord as a witness to this historic event that is set to propel change, accelerated and foreground the issues sounding youth unemployment and economic participation.
In response to the signing of the Youth Accord, in October 2013 the National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and Small Enterprise Finance Agency (sefa) launched a R3.1-billion initiative aimed at providing funding opportunities to businesses owned by young entrepreneurs – 35 years old or younger. The three-way partnership between the IDC, sefa and the NYDA is a catalyst for developing viable youth entrepreneurship and making youth active participants in the national economy and job creation.